Linamar (TSE:LNR) Stock Crosses Above Two Hundred Day Moving Average of $43.37

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Linamar Co. (TSE:LNR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.37 and traded as high as $48.19. Linamar shares last traded at $48.12, with a volume of 367,777 shares.

A number of brokerages recently issued reports on LNR. TD Securities raised their price objective on Linamar from C$47.00 to C$50.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Linamar from C$41.00 to C$45.00 in a report on Thursday, November 7th. CIBC cut shares of Linamar from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$56.00 to C$48.00 in a research report on Friday, October 4th. Finally, Scotiabank increased their target price on shares of Linamar from C$60.00 to C$66.00 in a research note on Wednesday, November 27th.

The company has a debt-to-equity ratio of 59.13, a quick ratio of 1.30 and a current ratio of 2.02. The stock has a market cap of $3.01 billion and a PE ratio of 6.27. The stock’s 50-day moving average is C$44.37 and its two-hundred day moving average is C$43.37.

Linamar (TSE:LNR) last posted its earnings results on Wednesday, November 6th. The company reported C$1.50 earnings per share for the quarter. The company had revenue of C$1.74 billion during the quarter. Analysts forecast that Linamar Co. will post 7.2300004 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 21st. Linamar’s dividend payout ratio (DPR) is 6.24%.

About Linamar (TSE:LNR)

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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